Shareholders voted in favor of all items presented at the AGSM as set out in the proxy-related materials, including the notice of meeting and the information circular dated October 14, 2025 (the “Information circular“). These items include the election of directors, so that each of Terry Lynch, Peter Kent, The wild ducks, Greg McKenzie, Steve Beresford And Seamus O’Regan were elected as directors, the appointment of the Company’s accountant, MNP LLP, the approval of the Omnibus Equity Incentive Plan, and the approval of an amendment to the Company’s articles of association to give the Chairman of the Board of Directors a casting vote. Just over 31% of the Company’s issued and outstanding common stock was voted on as of the AGSM record date. Table 1 contains the voting percentage for each proposed item – more details can be found in the Information Circular.
The Omnibus Equity Incentive Plan replaces the Company’s previous stock option plan, allowing the Company to now award other forms of stock compensation, including Restricted Share Units, Deferred Share Units and Performance Share Units, in addition to stock options. The Omnibus Equity Incentive Plan meets the requirements of TSX Venture Exchange Policy 4.4 – Effects-based compensation.
For more information about the resolutions and the Omnibus Equity Incentive Plan, shareholders are encouraged to consult the Information Circular available in the company’s profile on SEDAR+.
New York Stock Exchange – NYSE
As previously announced, the company is submitting its application to list on the NYSE, subject to regulatory approval. Following the completion of the third quarter financial review by our auditors and the NYSE, we expect to provide an update in early January
About Power Metallic Mines Inc.
Power Metallic is a Canadian exploration company focused on advancing the Nisk (Nisk-Lion-Tiger) project area – a high-grade copper-PGE, nickel, gold and silver system – towards Canadas next polymetallic mine.
On February 1, 2021Power Metallic (then Chilean Metals) secured an option to earn up to 80% of the Nisk project from Critical Elements Lithium Corp. (TSX-V: CRE). Following the June 2025 Following the purchase of 313 contiguous claims (~167 km²) from Li-FT Power, the company now controls ~212.86 km² and approximately 50 km of future basin margins.
Power Metallic is expanding mineralization in the Nisk and Lion discovery zones, evaluating the Tiger target and exploring the expanded land package through successive drill programs.
Outside the Nisk project area, Power Metallic has an indirect interest in significant land parcels British Columbia And Chilethrough its 50% equity position in Chilean Metals Inc., which was spun off from Power Metallic through a plan of arrangement on February 3, 2025.
It also owns 100% of Power Metallic Arabia, which owns a 100% interest in the Jabul Baudan exploration license in Kingdon of Saudi Arabia JabalSaid belt. The property covers more than 200 square kilometers in an area known for its high prospectivity for copper gold and zinc mineralization. The region is known for its vast volcanic sulfide deposits (VMS), including world-class ones Jabal Sayid mine and the promising Umm and Damad deposition.
Cautionary Statement Regarding Forward-Looking Statements
This release contains certain statements that may be deemed “forward-looking statements” regarding the Company within the meaning of applicable securities laws. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential”, “indicates”, “opportunity”, “possible” and similar expressions, or that events or circumstances “will”, “could”, “could”, “would” or “should” performance. Although the Company believes that the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, are subject to risks and uncertainties, and actual results or realities may differ materially from those expressed in the forward-looking statements. Such material risks and uncertainties include, but are not limited to; the timing for various drilling plans; the ability and timing to raise sufficient capital to fund its obligations under its ownership agreements in the future and to conduct drilling and exploration; to maintain its mineral properties and concessions in good condition; to explore and develop its projects; changes in economic conditions or financial markets; the inherent dangers associated with mineral exploration and mining activities; future prices of nickel and other metals; changes in general economic conditions; accuracy of estimates of mineral resources and reserves; the potential for new discoveries; the Company’s ability to obtain the necessary permits and approvals required to explore, drill and develop the projects and, if accepted, to obtain such licenses and approvals in a timely manner commensurate with the Company’s plans and business objectives for the particular project; the Company’s overall ability to monetize its mineral resources; and changes in environmental and other laws and regulations that may impact the Company’s operations, compliance with environmental laws and regulations, dependence on key management personnel and overall competition in the mining sector.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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SOURCE Power Metallic Mines Inc.
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